California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$302M |
| 2 |
Visa
V
|
+$277M |
| 3 |
AGN
Allergan plc
AGN
|
+$101M |
| 4 |
Equinix
EQIX
|
+$36.2M |
| 5 |
Qorvo
QRVO
|
+$30.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan Inc
AGN
|
+$179M |
| 2 |
Wells Fargo
WFC
|
+$126M |
| 3 |
Microsoft
MSFT
|
+$117M |
| 4 |
Johnson & Johnson
JNJ
|
+$97.2M |
| 5 |
Occidental Petroleum
OXY
|
+$97.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16% |
| 2 | Healthcare | 14.6% |
| 3 | Technology | 14.14% |
| 4 | Industrials | 10.84% |
| 5 | Consumer Discretionary | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
Westamerica Bancorp
WABC
$1.35B
| $4.5M | 0.01% |
88,744
-1,300
| -1% | -$59.8K |
|
|
FMBI
1477
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $4.49M | 0.01% |
236,900
+14,100
| +6% | +$253K |
|
1478
Nexstar Media Group
NXST
$5.91B
| $4.47M | 0.01% |
79,900
+16,900
| +27% | +$969K |
|
|
ELLI
1479
DELISTED
Ellie Mae Inc
ELLI
| $4.47M | 0.01% |
64,100
+11,000
| +21% | +$685K |
|
|
PEGI
1480
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $4.46M | 0.01% |
157,300
+131,500
| +510% | +$3.84M |
|
1481
Commault Systems
CVLT
$5.78B
| $4.46M | 0.01% |
105,200
-4,100
| -4% | -$186K |
|
|
ANAT
1482
DELISTED
American National Group, Inc. Common Stock
ANAT
| $4.46M | 0.01% |
43,593
| – | – |
|
|
FOLD
1483
DELISTED
Amicus Therapeutics
FOLD
| $4.45M | 0.01% |
314,500
+87,400
| +38% | +$1.05M |
|
|
DCP
1484
DELISTED
DCP Midstream, LP
DCP
| $4.45M | 0.01% |
144,900
-27,700
| -16% | -$1.04M |
|
1485
Omnicell
OMCL
$1.7B
| $4.43M | 0.01% |
117,388
-2,200
| -2% | -$80.2K |
|
1486
Provident Financial Services
PFS
$3.17B
| $4.42M | 0.01% |
232,773
-20,500
| -8% | -$380K |
|
1487
Exponent
EXPO
$3.21B
| $4.41M | 0.01% |
196,800
-2,400
| -1% | -$52.7K |
|
|
CMD
1488
DELISTED
Cantel Medical Corporation
CMD
| $4.41M | 0.01% |
82,100
-3,600
| -4% | -$175K |
|
1489
DigitalBridge
DBRG
$2.95B
| $4.4M | 0.01% |
59,513
+18,449
| +45% | +$1.57M |
|
1490
Criteo S.A. Ordinary Shares
CRTO
$902M
| $4.37M | 0.01% |
91,700
+72,300
| +373% | +$3.29M |
|
|
SAFM
1491
DELISTED
Sanderson Farms Inc
SAFM
| $4.37M | 0.01% |
58,100
-4,900
| -8% | -$389K |
|
1492
MidCap Financial Investment
MFIC
$797M
| $4.37M | 0.01% |
205,567
+8,634
| +4% | +$200K |
|
1493
Unisys
UIS
$211M
| $4.36M | 0.01% |
217,900
-14,300
| -6% | -$307K |
|
|
ICPT
1494
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $4.34M | 0.01% |
18,000
| – | – |
|
1495
Group 1 Automotive
GPI
$3.16B
| $4.32M | 0.01% |
47,600
-2,000
| -4% | -$171K |
|
|
MNTA
1496
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $4.32M | 0.01% |
189,500
+72,200
| +62% | +$1.44M |
|
1497
PENN Entertainment
PENN
$2.53B
| $4.29M | 0.01% |
234,000
+5,038
| +2% | +$83.8K |
|
|
BAS
1498
DELISTED
Basis Energy Services, Inc.
BAS
| $4.29M | 0.01% |
998
+46
| +5% | +$224K |
|
1499
Dorman Products
DORM
$3.95B
| $4.29M | 0.01% |
89,946
-2,100
| -2% | -$102K |
|
|
FNSR
1500
DELISTED
Finisar Corp
FNSR
| $4.27M | 0.01% |
238,900
| – | – |
|
Similar funds
California Public Employees Retirement System's Q2 2015 Portfolio in Review
As of Q2 2015, California Public Employees Retirement System held 3,921 positions worth $66.6B, down 8% from $72.4B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System withdrew a net $6.88B in Q2 2015, closing 244 positions and reducing 1,591 holdings. Its most notable exit was Allergan Inc, an estimated $179M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Healthcare and Technology.
Against the trend, California Public Employees Retirement System opened a new position in Medtronic worth $293M.
- California Public Employees Retirement System's largest Q2 2015 buy was Medtronic: 3,948,339 shares worth $293M.
- California Public Employees Retirement System added most to Visa in Q2 2015, an estimated $277M increase.
- California Public Employees Retirement System's biggest Q2 2015 reduction was Wells Fargo, cutting an estimated $126M.
- California Public Employees Retirement System fully exited Allergan Inc in Q2 2015, selling an estimated $179M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $66.6B portfolio in Q2 2015.
- California Public Employees Retirement System opened 110 new positions and closed 244 in Q2 2015.
- California Public Employees Retirement System's portfolio value fell 8% quarter-over-quarter to $66.6B.
Based on California Public Employees Retirement System's 13F filing for Q2 2015, filed 14 Aug 2015.